Massachusetts Development plans $90.8 million Berkshire Health bonds

By Sheri Kasprzak

New York, April 26 - The Massachusetts Development Finance Agency aims to sell $90.8 million of series 2012G revenue bonds for Berkshire Health System, according to a preliminary official statement.

The bonds (A3/BBB+/BBB+) will be sold on a negotiated basis via Barclays Capital Inc., with Bank of America Merrill Lynch and Morgan Stanley & Co. LLC as the co-managers.

The maturities have not been set.

Proceeds will be used to refund the series 2001E and 2009A revenue bonds issued for the health system by the Massachusetts Health and Educational Facilities Authority.

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